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Tax Fraud Blotter: Negative waves

Accounting Today

Orlando, Florida: Medical equipment manufacturer Roger Whitman, 76, has been sentenced today to two months in prison for evading nearly $2.4 million in taxes on income he earned from his business. Whitman manufactured and sold Rife machines, devices that use energy waves to purportedly treat a wide range of medical conditions.

Tax 69
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Case study: Touchlight Genetics Limited

Menzies

Menzies LLP - A leading chartered accountancy firm. Client profile Touchlight are a DNA development and manufacturing company that has developed an innovative, synthetic DNA vector and enzymatic manufacturing process, which enables them to produce DNA at unprecedented speed, scale and purity.

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Pros and cons of the Big Beautiful Bill

Accounting Today

What is the difference between manufacturing and production? By Jeff Stimpson 8h ago Practice management CohnReznick acquires Piascik The Top 25 Firm based in New York is expanding to Richmond, Virginia, by combining with a firm with specialized tax services. As drafted, many questions remain.

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Ryan advises clients on tariff issues

Accounting Today

border crossing in St-Bernard-de-Lacolle, Quebec Andrej Ivanov/Bloomberg Ryan, a global tax services firm based in Dallas, recently launched the Ryan Tariff Task Force to help clients deal with the complex interplay between taxes and the constant threat of tariff increases.

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In the blogs: It is done

Accounting Today

Boyum & Barenscheer ( [link] ): What to remind small-business clients about the tax advantages of the right retirement savings vehicle. What are the sales tax implications for manufacturers who have new operations stateside? Cleanup in aisle 4 Tax Foundation ( [link] ): The limits of using taxes to improve health.

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Accounting Firms Fyffe Jones and Bagby Johnson Combine

CPA Practice

Huntington, WV-based accounting firms The Fyffe Jones Group and Bagby, Johnson & Associates have merged to create a “more robust organization, combining resources, expertise, and a shared vision to better serve clients and expand service offerings,” according to a Aug. 22 media release.

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Wipfli Promotes 10 to Partnership

CPA Practice

Ten professionals at top 20 accounting firm Wipfli will be able to add the title of “partner” to their LinkedIn profiles on June 1. “I I am happy to announce 10 individuals’ promotions to partner.